MaxVIL leases 1.05 lakh sq ft space at Rs 16 cr annual rent in Delhi

24 Feb 2022 CW Team

Max group company Max Ventures & Industries Ltd (MaxVIL) has entirely leased 1.05 lakh square feet space in its office complex at Okhla in the national capital and will make a rental income of about Rs 16 crore annually.

MaxVIL, which is one of the three listed firms of the $ 4-billion Max Group, told the media in a statement that the first phase of its commercial project 'Max House', including 1.05 lakh sq ft, is presently 100% leased out to big domestic and international clients. Max House is the firm's second commercial real estate offering by Max Estates, which is a subsidiary of MaxVIL.

The average rental rate for Max House Phase 1 presently stands at about Rs 125 per sq ft per month. Nykaa Fashion, Samsung India Electronics, Religare Enterprises, DSK Legal and Dhampur Sugar Mills are some of the significant occupiers. US-based retail company Target Sourcing Services India Pvt Ltd has taken on a lease of 26,608 sq ft at Max House. The lease with Target Sourcing has been listed on Tuesday. MaxVil MD and CEO Sahil Vachani told the media that there is an increasing trend of flight to quality, with top-notch firms boosting to Grade A+ spaces post the pandemic.

The firm's first commercial project 'Max Towers' in Noida, is additionally 98% leased, Vachani added. MaxVIL said the work on the second phase of Max House, including 1.45 lakh sq ft, is on track, and the project is likely to be provided by Q3 of FY23. Max Estates has partnered with New York Life Insurance Company for its third commercial project in Delhi-NCR named Max Square.

Image Source

Also read: Construction of Rs 400 cr Max Square begins in Noida

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..